If the Demand Increases for the Product of an Increasing-Cost

question 11

Multiple Choice

If the demand increases for the product of an increasing-cost industry:

• A) short-run price goes up, but long-run price falls.
• B) long-run output goes up, but long-run price may go up or down.
• C) short-run output goes up, but long-run output may go up or down.
• D) long-run output goes up, but short-run price remains constant.
• E) short-run price goes up, and long-run price goes up.

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Definitions:

Hemiplegia

A condition characterized by paralysis or severe weakness on one side of the body, typically caused by brain damage.

Transfer Belt

A safety device commonly used in healthcare to assist in transferring patients from one position to another, promoting stability and reducing injury risks.

Patient Transfer

The safe movement of a patient from one location to another or from one surface to another.

Friction

The resistance that one surface or object encounters when moving over another.